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Ukrainian central bank to fight court ruling on major failed lender

Ukraine’s central bank said it will appeal against a court ruling that said it had acted illegally before it nationalised the country’s largest commercial lender in 2016.

The National Bank of Ukraine (NBU) and the finance ministry nationalised Privatbank in December 2016, saying there was a multi-billion dollar capital shortfall at the lender. But the district administrative court in Kyiv ruled on April 18 that the Ukrainian authorities had broken the law when they carried out an emergency